137. The Realities of College Majors and Financial Planning

College Knowledge

Join hosts Dave Kozak and Joe Kerins on the College Knowledge Podcast, sponsored by the College Planning Network and Paradigm Financial Group. This episode tackles both the impact of current events on college campuses and provides essential advice on college planning and financing. Key highlights include:
- Podcast Introduction: Dave and Joe introduce the podcast, setting the stage by emphasizing its focus on helping listeners find the right college, navigate the application process, and manage financial planning for higher education.
- Discussion on College Majors and Salaries: The hosts highlight that liberal arts, performing arts, and theology majors have the lowest average salaries within six months of graduation ($38,000). They also note that the lowest-paying majors for individuals aged 35 to 45 shift to early childhood education, general education, and elementary education.
- Guest Interview with Jovan Hall: Jovan Hall, a student at Norfolk State University, shares his academic journey. He is pursuing a bachelor's in optical engineering and a minor in electrical engineering, with plans to complete a master’s in electronics engineering with a concentration in photonics. He emphasizes the importance of mentorship in his success.
- Challenges in Critical Thinking and Information Verification: Jovan discusses the necessity of questioning information and seeking multiple perspectives, especially in the age of social media and misinformation. He stresses the importance of logical thinking, particularly in fields like engineering where accuracy is crucial.
- Advice on College Financial Planning: Dave and Joe advise high school students to consider the academic, social, and financial fit when choosing a college. They emphasize starting early, casting a wide net, and ensuring that the chosen school aligns with the student’s needs and financial situation. They also highlight the significance of parents discussing financial realities with their children to avoid future disappointments.
This episode offers a comprehensive look at the complex dynamics of college planning, critical thinking, and financial strategy, making it a valuable resource for students, parents, and educators alike.
Check out Jovan's YouTube Channel: @LFRJojo

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